85. WHAT is WRONG with Congress? | Second Stimulus Check and Unemployment Extension Update

85. WHAT is WRONG with Congress? | Second Stimulus Check and Unemployment Extension Update

Author: Matt Gebre July 30, 2020 Duration: 5:02
WHAT is WRONG with Congress? | Second Stimulus Check and Unemployment Extension Update The additional $600 federal unemployment benefit for most of us on regular UI and PUA expired last week. So you would have received a payment for the $600 sometime this week, but when you certify this weekend next week there will not be the $600. People are asking on this Sunday do we just file the same way and unless your state advises otherwise I would say yes. My dad who’s currently receiving PUA we’re just going to go into his unemployment portal and certify as we have been doing. When it comes to the next stimulus package, There is too much conflict with the republicans and democrats to trust any real progress would be made by this Friday, which is when Treasury Secretary Steven Mnuchin hoped to have the next stimulus package approved and signed. Second stimulus checks $1200 are pretty much agreed by both democrats and republicans. On Fox News on Wednesday Senate Majority Leader Mitch McConnell said "I think whatever we finally agree on, all of these items -- whether it's the FBI building, whether its a tax cut for high-income people in blue states -- ought to come out," McConnell said "the bill ought to be narrowly crafted to deal only with the coronavirus." Unemployment extension is pretty much agreed by everyone, however they differ on the amount to continue. The HEROES Act which passed in the House of Representatives proposed to continue the $600 and the HEALS Act proposed to continue at $200 and then states would be able to adjust it up to $500 so that your total unemployment (including regular or PUA and the additional boost) is no more than 70% of lost wages. SUBSCRIBE HERE! ► https://goo.gl/f7RfwT LET'S CONNECT: ➡️ INSTAGRAM: https://www.instagram.com/habeshafinance ➡️ TWITTER: https://twitter.com/habeshafinance ➡️ For business inquiries contact me at matt@habeshafinance.com JOIN THE HABESHA FINANCE FACEBOOK GROUP: https://www.https://www.facebook.com/groups/habeshafinance/ CHECK OUT THE HABESHA FINANCE PODCAST: Apple Podcasts ► https://habeshafinance.com/applepodcast Spotify ► https://habeshafinance.com/spotify Google ► https://habeshafinance.com/googleplay Stitcher ► https://habeshafinance.com/stitcher Check out my affiliate links below for products I recommend that I've used personally or researched enough to know they're worth your time. Get Term Life Insurance. It never hurts to shop around for the best rate: Haven Life (who I used) - https://habeshafinance.com/haven Health IQ - https://habeshafinance.com/healthiq Recommended personal finance books: The Total Money Makeover - https://amzn.to/2O4sLeU The Millionaire Next Door - https://amzn.to/38IIh80 The Simple Path To Wealth - https://amzn.to/38WoQZJ Thanks for checking out my affiliate links above and I'm certain you will be very happy you did. As an Amazon Associate I earn from qualifying purchases. All information on this channel is for entertainment purposes only and I am not providing professional tax, legal, or financial advice. Consult a professional legal, tax, or financial advisor if you need such advice.

Engineer Matt Gebre brings a practical and deeply personal perspective to money matters on the Habesha Finance Podcast. As the son of two Habesha immigrants, he approaches finance with the understanding that there is no single, rigid path to security and freedom. Instead, he shares the strategies and knowledge he’s gathered, aiming to help others build independence and solve their unique money problems. You’ll hear conversations that feel like practical advice from a knowledgeable friend, covering a wide range of essential topics. These discussions move seamlessly from foundational personal finance-like saving effectively for retirement or navigating college without crippling debt-to broader entrepreneurial thinking. A distinctive thread running through this podcast is Matt’s focus on the experiences and insights of Ethiopian and Eritrean entrepreneurs, offering valuable lessons and inspiration drawn from specific cultural and community contexts. The overall tone is exploratory and grounded, rejecting one-size-fits-all answers in favor of relatable, actionable ideas. Tuning into this podcast means getting a clear-eyed look at building wealth and stability, informed by both technical know-how and real-world, community-centered stories.
Author: Language: English Episodes: 100

Habesha Finance Podcast
Podcast Episodes
159. 7 BEST High Yield Savings Accounts of (February 2025) [not-audio_url] [/not-audio_url]

Duration: 9:17
Check out this video to find out what the 7 best high yield savings in 2025 are so far. I'll also give you 3 more high yield savings accounts from popular financial institutions that are just below 4% APY, but might be f…
158. If You Have $100 In The Bank, Do THIS Now! [not-audio_url] [/not-audio_url]

Duration: 14:41
The money in your savings account is not going to make you rich. I'll explain how to actually build wealth in this video so you can do well financially in 2025!
157. Here's the BEST High Yield Savings Account in 2025 [not-audio_url] [/not-audio_url]

Duration: 6:18
CIT Bank has proven over last couple of years why they have one of the best high yield savings accounts available today. In this video I'll share with you some of my reasons why I'm glad we chose CIT Bank and why we're s…
156. Shopping Mall Apartments a Housing Solution? [not-audio_url] [/not-audio_url]

Duration: 9:41
Malls across the United States are being repurposed into residential apartments and this could end up becoming one of the best solutions to the current housing crisis. In this video we'll look at the benefits and concern…
155. S&P 500 vs High Yield Savings Account: Which is Better? [not-audio_url] [/not-audio_url]

Duration: 5:02
When considering where to invest your hard-earned money, two popular options often emerge: the S&P 500 and high-yield savings accounts. Both offer unique advantages and drawbacks, and understanding these nuances can sign…
154. Reasons Why Most Young People Are Broke [not-audio_url] [/not-audio_url]

Duration: 11:34
Feeling financially strapped in your 20s and 30s? You're not alone. Let's look into 21 common reasons why you might be broke and how to overcome them. WATCH NEXT ➡️ I Wish I Knew THIS About Investing When I Started https…
153. Paying Off Our Mortgage Early - Is it Worth it? [not-audio_url] [/not-audio_url]

Duration: 8:33
In this video I explore this idea of paying off our mortgage early. There are several pros and cons to accelerating the payoff date for a mortgage which I discuss in this video. 🚨WATCH NEXT ➡️ Eye-Opening Financial Stati…
152. Average Credit Score by Age (2024) - How Do You Compare? [not-audio_url] [/not-audio_url]

Duration: 15:22
Having a good credit score is important and in this video I'll share the latest average Vantagsescore credit scores along with some new information about the middle class for you to gauge how you're doing financially. I'…
151. Get Strong, Get Rich: 5 Fitness Lessons for Your Money! [not-audio_url] [/not-audio_url]

Duration: 7:19
In this video I''ll share 5 important lessons I've learned from exercising over the years that you can apply to saving money that will help you build wealth. WATCH NEXT ➡️ 7 Money Habits Keeping You Poor: https://youtu.b…
150. 529 vs ESA vs UGMA/UTMA vs Roth IRA [Saving for College in 2024] [not-audio_url] [/not-audio_url]

Duration: 11:06
In this podcast you will learn about the 5 different ways you can save for college including the 529 Plan, Coverdell ESA, UGMAs and UTMAs and even the Roth IRA. Each of the accounts have their pros and cons and by the en…